According to the official website of the American asset management giant Capital Group, as of the end of 2020, the Americas Fund-European Asia Pacific Growth Fund under the asset management group held 7,161,704 shares of Kweichow Moutai, a decrease of 5.9% from the 7,611,804 shares at the end of the third quarter.
According to previous reports, this fund currently holds the largest number of shares in Kweichow Moutai in the world.
According to China Securities Journal, the official website of the American asset management giant Capital Group shows that as of the end of 2020, the Americas Fund-European Asia Pacific Growth Fund under the asset management group held 7,161,704 shares of Kweichow Moutai, a decrease of 5.9% from the 7,611,804 shares at the end of the third quarter.
According to previous reports, this fund currently holds the largest number of shares in Kweichow Moutai in the world.
At the end of 2020, the market value of Kweichow Moutai held by this fund was US$2.189 billion, equivalent to 14.195 billion yuan.
Despite the slight reduction in holdings, due to the rise in Kweichow Moutai's stock price during the period, the market value of this fund's holdings of Kweichow Moutai still increased significantly from the 12.217 billion yuan at the end of the third quarter.
Another fund under the Capital Group that holds a larger share of Kweichow Moutai, the Americas Fund? New World Fund, also slightly reduced its holdings of Moutai during the period.
The fund with the largest holdings of Moutai shares in the world reduced its holdings.
According to the official website of the American asset management giant Capital Group, as of the end of 2020, the Americas Fund-European Asia Pacific Growth Fund under the asset management group held 7,161,704 shares of Kweichow Moutai, a decrease of 5.9% from the 7,611,804 shares at the end of the third quarter.
According to previous reports, this fund currently holds the largest number of shares in Kweichow Moutai in the world.
At the end of 2020, the market value of Kweichow Moutai held by this fund was US$2.189 billion, equivalent to 14.195 billion yuan.
Despite the slight reduction in holdings, due to the rise in Kweichow Moutai's stock price during the period, the market value of this fund's holdings of Kweichow Moutai still increased significantly from the 12.217 billion yuan at the end of the third quarter.
Recently, Moutai's stock price has gradually retreated from its historical highs, falling by about 7%.
On January 19, the liquor sector opened higher and moved lower, closing down 1.74%.
Kweichow Moutai opened slightly higher in early trading and then began to fall. It continued to fall in the afternoon, falling as low as 2,006.85 yuan per share and returning to near the 2,000 yuan mark. As of the close, Kweichow Moutai's share price fell by 2.60%, closing at 2,009.41 yuan per share.
Data from the Qianzhan Industry Research Institute shows that the sales revenue and output trends of China's liquor industry are basically consistent. However, due to the brand premium of high-end liquor in recent years, its price is still at a high level, and it has driven the price of sub-high-end liquor to continue to rise, causing the sales revenue of the liquor industry to fluctuate.
The amplitude is smaller than that of liquor production.
The sales revenue of China's liquor industry declined significantly in 2017 and 2018; in 2019, driven by personal demand, the sales revenue of China's liquor industry increased to 567.2 billion yuan, a year-on-year increase of 5.74%.
In 2020, the outbreak and spread of the COVID-19 epidemic directly affected the consumption of liquor during the Spring Festival peak season. The sales revenue of the liquor industry dropped significantly compared with the same period in 2019, only 273.7 billion yuan.